IperionX Limited (NASDAQ:IPX - Get Free Report)'s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $30.19, but opened at $28.18. IperionX shares last traded at $28.00, with a volume of 26,886 shares traded.
Analysts Set New Price Targets
Separately, B. Riley assumed coverage on IperionX in a research note on Thursday, October 10th. They issued a "buy" rating and a $30.00 price objective on the stock.
Read Our Latest Analysis on IPX
IperionX Stock Performance
The stock's 50 day moving average is $29.03 and its two-hundred day moving average is $21.97. The company has a debt-to-equity ratio of 0.02, a quick ratio of 13.61 and a current ratio of 13.62.
Hedge Funds Weigh In On IperionX
Several large investors have recently bought and sold shares of IPX. Stifel Financial Corp lifted its holdings in IperionX by 34.3% during the 3rd quarter. Stifel Financial Corp now owns 703,679 shares of the company's stock worth $15,671,000 after buying an additional 179,650 shares during the last quarter. Jane Street Group LLC lifted its stake in IperionX by 134.2% during the third quarter. Jane Street Group LLC now owns 26,528 shares of the company's stock worth $591,000 after purchasing an additional 15,202 shares during the last quarter. Ballentine Partners LLC acquired a new position in IperionX in the third quarter valued at approximately $529,000. Tidal Investments LLC purchased a new position in IperionX in the third quarter valued at approximately $368,000. Finally, Symmetry Peak Management LLC acquired a new stake in IperionX during the third quarter worth approximately $228,000. Hedge funds and other institutional investors own 2.76% of the company's stock.
IperionX Company Profile
(
Get Free Report)
IperionX's mission is to be the leading developer of low carbon, sustainable, critical material supply chains focused on advanced industries including space, aerospace, electric vehicles and 3D printing. IperionX's breakthrough titanium technologies have demonstrated the potential to produce titanium products that are sustainable, 100% recyclable, have low carbon intensity and to do so at product qualities that meet or exceed current industry standards.
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